Agents Voice Concern over Rental Property Law Changes

The Land & Environment court recently placed new restrictions on holiday rentals in a town on NSW’s south-east coast, following complaints of excessive noise from a neighbour.Following the court’s decision, shires in the Snowy River, Eurobodalla and Bega Valley have included in their planning regulations provision for short-term tourist accommodations.The Real Estate Institute (REI) have also responded to the court decision by saying that councils in need to assess whether they have adequate planning controls that address noise issues.However, Christian Payne, REI New South Wales President, said that the councils’ decision overlooks people’s behaviour.Mr Payne claimed that it’s not whether a house’s occupancy period is for short-term rental,holiday use or even permanent residency that’s the issue, it’s the modifying or regulating of the residents’ behaviour that should be addressed.He said that it’s sensible for shires to look for solutions; however, it’s very important to protect the local holiday rental industry in these areas, as this could have a huge economic impact on their communities.Source: http://www.abc.net.au/news/2013-05-20/concerns-over-rental-property-law-changes/4699598

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